S&P 500, Nasdaq close at all-time highs

The S&P 500 and the Nasdaq Composite reached all-time record highs on Tuesday as many companies surpassed earnings expectations. Photo by John Angelillo/UPI | License Photo

April 23 (UPI) -- The S&P 500 and Nasdaq Composite indexes hit record closing highs Tuesday, bouncing back from losses at the end of 2018.

The S&P 500 climbed 0.88 percent to 2,933.68 points, breaking its previous record high from Sept. 20, while the Nasdaq eclipsed its previous all-time high from Aug. 29, closing up 1.3 percent at 8120.82.

Both indexes have had strong starts to the year, with the S&P 500 up 17 percent, its best start since 1987, and the Nasdaq has risen 22 percent for its best start since 1991.

The Dow Jones Industrial Average also rose Tuesday, gaining 145.34 points, or 0.55 percent, to 26,656.39, just short of an all-time high.